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RBA boss not ‘in touch with reality’, ACTU secretary says

Australian Council of Trade Unions secretary Sally McManus has criticised Reserve Bank governor Philip Lowe, saying he isn’t “quite in touch with reality”, after he warned of a potential price spiral after the 5.2% minimum wage increase.

McManus was speaking to RN Breakfast and said inflation had “absolutely nothing to do whatsoever with wages”, adding that Lowe’s warnings come from a “total boomer fantasy land”.

She…


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